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Four injured at the Cooke operations
Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye Gold”, “Sibanye” or “the Group”)
Four injured at the Cooke operations
Westonaria, 4 October 2016: Sibanye (Tickers JSE: SGL and NYSE: SBGL)
confirms that four employees were injured by unknown assailants in the
early hours of this morning at its Cooke operations. Two of the four
employees were seriously injured and are being treated at local
hospitals. The incidents are related to illegal industrial action which
started yesterday, following a union membership verification dispute.
The membership verification process, agreed with the unions at the Cooke
Operations and facilitated by the Commission for Conciliation, Mediation
and Arbitration (CCMA), commenced two weeks ago and is still ongoing.
Despite management engaging with the unions and repeatedly explaining
the procedure, a group of employees, embarked on illegal protest action
during the night shift on Monday 3 October 2016.
“It is regrettable that AMCU has taken this course of action when all
employees were fully appraised of the verification process. We are
concerned about the acts of intimidation and violence and call upon all
union members to respect the rights of other employees who wish to work.
We are in discussions with AMCU to resolve their concerns. The assault
of Sibanye employees is unacceptable and we are investigating these
incidents and will take strong action against the perpetrators. We call
on the unions to ensure that their members show restraint”, commented
Neal Froneman, CEO.
CONTACT
James Wellsted
SVP Investor Relations
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
FORWARD-LOOKING STATEMENTS
Certain statements in this document constitute “forward-looking
statements” within the meaning of Section 27A of the US Securities Act
of 1933 and Section 21E of the US Securities Exchange Act of 1934.
These forward-looking statements, including, among others, those
relating to Sibanye’s future business prospects, revenues and income,
wherever they may occur in this document and the exhibits to this
document, are necessarily estimates reflecting the best judgment of the
senior management and directors of Sibanye, and involve a number of
known and unknown risks and uncertainties that could cause actual
results, performance or achievements of the Group to differ materially
from those suggested by the forward-looking statements. As a
consequence, these forward-looking statements should be considered in
light of various important factors, including those set forth in this
document. Important factors that could cause the actual results to
differ materially from estimates or projections contained in the
forward-looking statements include, without limitation: economic,
business, political and social conditions in South Africa, Zimbabwe and
elsewhere; changes in assumptions underlying Sibanye’s estimation of its
current Mineral Reserves and Resources; the ability to achieve
anticipated efficiencies and other cost savings in connection with past
and future acquisitions, as well as at existing operations; the ability
of Sibanye to successfully integrate acquired businesses and operations
(whether in the gold mining business or otherwise) into its existing
businesses; the success of Sibanye’s business strategy, exploration and
development activities; the ability of Sibanye to comply with
requirements that it operate in a sustainable manner; changes in the
market price of gold, platinum group metals (“PGMs”) and/or uranium; the
occurrence of hazards associated with underground and surface gold, PGMs
and uranium mining; the occurrence of labour disruptions and industrial
action; the availability, terms and deployment of capital or credit;
changes in relevant government regulations, particularly environmental,
tax health and safety regulations and new legislation affecting water,
mining, mineral rights and business ownership, including any
interpretations thereof which may be subject to dispute; the outcome and
consequence of any potential or pending litigation or regulatory
proceedings or other environmental, health and safety issues; power
disruptions, constraints and cost increases; supply chain shortages and
increases in the price of production inputs; fluctuations in exchange
rates, currency devaluations, inflation and other macro-economic
monetary policies; the occurrence of temporary stoppages of mines for
safety incidents and unplanned maintenance; Sibanye’s ability to hire
and retain senior management or sufficient technically skilled
employees, as well as its ability to achieve sufficient representation
of historically disadvantaged South Africans’ in its management
positions; failure of Sibanye’s information technology and
communications systems; the adequacy of Sibanye’s insurance coverage;
any social unrest, sickness or natural or man-made disaster at informal
settlements in the vicinity of some of Sibanye’s operations; and the
impact of HIV, tuberculosis and other contagious diseases. These
forward-looking statements speak only as of the date of this document.
The Group undertakes no obligation to update publicly or release any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this document or to reflect the
occurrence of unanticipated events.
Date: 04/10/2016 12:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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